Category Archives: Current Law

Cashissued by the Government – rather than Credit borrowed from the Central Bank

free of interest – rather than interest-bearing

spent by Government

rather than banks selling Credit at interest to ‘consumers’.

It is remarkable how ‘economics’ was introduced to obfuscate what ‘money’ is and how bankers have succeeded in getting their Credit accepted as if it was remotely comparable with Government issued Cash.

What is even more remarkable is how ‘people behind the scenes’ have succeeded in setting up more and more central banks via whom to export this fundamental mechanism of Anglo-Saxon hyper-capitalism globally. Iran and Korea are the only countries left.

I have often felt that I learned more about our money system than I ever wanted to learn. But there are people in our society who had to learn more about The Law than they ever wanted to learn. And that is because they’ve been hurt, damaged, harassed, defrauded, tortured, bankrupted, dispossessed, you name it, it’s happened to them.

What voice do they have on their own? Where can they go when they find out that their MP is “part of the gang”?

Our meetings were attended by many such “victims turned starfighters”, and with the new government, we have hope that we can usurp the Rule of Money and let the Rule of Law re-enter. But it’s going to be a long journey!

First steps were

a letter to Dr. Vince Cable MP in his new capacity as Secretary of State where we believe he is responsible for the Insolvency Register; it includes at least four fraudulent cases and we ask him to make amends

a letter to the Lord Chancellor Kenneth Clarke QC MP whom we ask to ensure that Her Majesty’s Seal is not going to be abused any more as in the four cases cites

an article on The Rule of Law and the Rule of Money in the new BlogPaper that publishes in print, if an article is read by more than 100 people and voted into print by at least five. It would be nice if you could register and vote to get the article into print!

This is a belated clarification regarding myself in your letter to our Chairman Austin Mitchell MP of March 17. For I am not one of Austin’s constituents, but the organiser of a Forum that has been meeting in both Houses since 1998, as you will see on our archive site www.monies.cc. Thus it will become clear to you that my opinion is not a personal one, but that I promote the concerns of many.

In fact, our analysis is so significant that a human rights lawyer advised us to “go for Parliamentary scrutiny via the Treasury Select Committee”. Hence I’ve attended numerous Committee meetings and gave you a copy of Creating a World without Poverty by Nobel Peace Prize winner Muhammad Yunus.

I had sent the Act to HM Queen who sent it to Downing Street, who sent it to the Treasury which has not responded yet. But, for the first time in her reign, HM Queen has seen the Governor of the Bank of England!

That this House, observing that the intention of the founding Act of the Bank of England in 1694 was `that their Majesties’ subjects may not be oppressed by the said corporation’, notes that those subjects have been seriously oppressed by the Bank’s failure to control the greed, risk-taking and speculation of the banking system over which it presides; and therefore suggests that this oppression should be dealt with as the Act provides by fines three times the value of the abusive trading.

The first MPs have signed. Will you get your MP to sign via WriteToThem?

In our observation, oppressions through banks are due to:

1. There is now only a limited number of qualified staff in every branch. In fact, what used to be professional training for a professional body, ACIB, has become a “School of Finance“.

2. The training in “banking” is limited. It consists only of “sales”.

3. There is now little responsibility in local branches.

4. Instead, all decision making has been centralised. This results in the decision makers having little personal knowledge of the client or a perspective about a business.

5. There is little comprehension of day-to-day business issues.

6. There is no realisation of the criticality of time or expediency.

7. There is limited knowledge of supposed Government support. As an example, the Small Firms Loan Guarantee Scheme (SFLGS) was reducing before the crisis.

8. Instead of joined-up thinking, staff are only box tickers and have no room for initiative.

9. MPs have very limited knowledge of the depth of the problems, even before the crisis.

10. Day-to-day business borrowing for “normal” clients has never been excessive. In fact, it was already very restrictive to Small and Medium Enterprises (SMEs) and often even obstructive.

What is deplorable is the complete sell-out of the State to the banking system, no matter which Nation State we look at. National Sovereignty has been undermined to such a degree, that it will be hard to re-establish. Maybe that’s what’s meant to be… But maybe it’s here to challenge us to ‘overcome’.

I saw a poster in the tube about the famous author Paulo Coelho and his latest book “The Winner Stands Alone”. The poster says: “Success – the beautiful poison”.

And thus I am reminded of my late husband who said to me when I came to London in 1981: it depends how you measure success. The Japanese measure it in the number of risks taken… And thus I keep taking risks. For what’s the worst that can happen??? Maybe that we die. Well, that will happen no matter what! Hence I might as well do what other people might call a ‘risk’. But it’s just a decision, really.